Musk becomes the world's first person with a net worth exceeding $700 billion.

According to the latest data from Forbes' Billionaires Index, Tesla CEO Elon Musk's personal wealth rebounded dramatically on Friday evening, soaring to $749 billion, following a historic ruling by the Delaware Supreme Court to reinstate $139 billion worth of previously voided Tesla stock options.

This dramatic increase in wealth stems from a compensation package Musk signed with Tesla in 2018.

Initially valued at approximately $56 billion, the unprecedented scale of the package led a lower court to dismiss it two years ago as "outrageous." However, the Delaware Supreme Court overturned this ruling this Friday, finding the 2024 decision to rescind the compensation agreement "improper and unfair to Musk," thus formally reinstating this incentive package, dubbed "the largest corporate compensation plan in history."

Just days before the court ruling, market rumors circulated that Musk's space startup, SpaceX, might be about to go public, an expectation that propelled his wealth past $600 billion, making him the world's first billionaire to cross that threshold.

With the reinstatement of Tesla's compensation package, Musk's net worth surged again in a short period, further solidifying his position as the world's wealthiest individual.

This ruling not only marks a significant turning point in Musk's personal wealth but also reflects the capital market's high recognition of the long-term value and growth potential of the companies he leads—especially Tesla and SpaceX. Fueled by the reinstatement of his compensation package and the anticipated SpaceX IPO, Musk's wealth landscape is moving into a new historical dimension. (Source: BLOCKBEATS)